Ontario cutting electricity bills by 25 percentStaff Writer | May 12, 2017
Ontario has introduced legislation that would, if passed, lower electricity bills by 25 percent on average for all residential customers to provide significant rate relief and ensure greater fairness.
Canada Fair Hydro Act
Lower-income Ontarians and those living in eligible rural communities would receive even greater reductions, as much as 40 to 50 percent.
As part of this plan, rate increases for four years would be held to the rate of inflation.
These measures include the eight percent rebate introduced in January and build on previously announced initiatives to deliver broad-based rate relief on all electricity bills.
Taken together, these changes would deliver the single-largest reduction to electricity rates in the province’s history. ■